Massachusetts Medical Cannabis Business & Marijuana Legal News

Cannabis boom or bust: How US firms could be affected by Canada’s adult-use market

It’s crunch time for Canada’s cannabis companies as they hustle to prepare for the October launch of the country’s legal recreational market. South of the border, everyone tied to the legal marijuana scene is watching closely to gauge whether this historic milestone might translate into an economic boom for U.S. firms as well. Tremendous opportunities […]

Read More

Federal prosecutor in MA to keep eye on recreational cannabis production

The top federal prosecutor in Massachusetts indicated he will take a mostly hands-off approach to the state’s impending adult-use marijuana industry, narrowing his office’s focus to overproduction that could lead to sales across state lines. “These out-of-state sales are nearly always cash transactions and so often involve federal tax fraud designed to hide the illicit […]

Read More

Sorting out the holdup with Massachusetts’ recreational cannabis rollout

An unofficial July 1 target date set by Massachusetts cannabis regulators for the kickoff of recreational sales has come and gone, and it’s still anybody’s guess when the adult-use industry will actually launch. The Massachusetts Cannabis Control Commission may have awarded the state’s first recreational cultivation license in June and the first rec retail license on Monday, but a slew […]

Read More

Massachusetts awards first recreational marijuana retail license

A day after Massachusetts’ adult-use program was slated to begin, state regulators awarded the first license to sell recreational marijuana. The Cannabis Control Commission voted Monday to permit Cultivate Holdings in Leicester to begin selling recreational cannabis, according to MassLive.com. The program was slated to begin recreational marijuana sales July 1, but the start date wasn’t […]

Read More

MA launching social equity program for cannabis industry workers

Massachusetts is initiating a statewide social equity program to train minorities and people convicted of drug offenses to start marijuana businesses or work in the industry. The commission is said to be giving priority in licensing review applications to “economic empowerment” applicants who come from areas and groups that have been overly affected by marijuana […]

Read More

MA marijuana firms may face adverse side effects from attorney general’s opinion

Massachusetts Attorney General Maura Healey’s decision to give certain local jurisdictions until June 30, 2019, to plan for a retail marijuana market could have major business effects, industry proponents say. Jim Borghesani, who played a major role on the “Yes on 4” recreational marijuana legalization campaign, told Marijuana Business Daily on Monday that further delay could […]

Read More

Massachusetts’ marijuana chief predicts slow recreational rollout

Massachusetts’ top marijuana regulator told reporters this week that the state likely would not meet a July 1 target date for the launch of its recreational marijuana program, and the rollout could prove more gradual than some in the state had hoped to see. “There is nothing in the legislation about July 1, but I […]

Read More

Massachusetts awards first recreational marijuana cultivation license

Massachusetts regulators announced the first cultivation license for the upcoming recreational marijuana program. Sira Naturals, a Milford-based company, received approval from the Cannabis Control Commission for a Tier 3 cultivation license, which will allow the company 10,000-20,000 of square feet of indoor grow space. The company has been cultivating medical marijuana in Milford since 2016. […]

Read More

Likelihood fades that MA retail cannabis shops can open by July 1 target

The prospects that retail marijuana shops will open in Massachusetts by July 1 appeared to be dimming on Thursday. The current law allows retail sales of recreational marijuana to begin on or after that July 1 date. But the Cannabis Control Commission met without issuing the first commercial business licenses. Steven Hoffman, the commission’s chairman, said regulators […]

Read More

Chart: Timeline for launch, projected sales in seven new marijuana markets

More than 60% of the U.S. population now lives in states that have legalized some form of marijuana use and sales, illustrating both the rising acceptance of cannabis nationwide and the industry’s immense potential for future growth. Several medical marijuana and recreational programs have yet to get off the ground, however. Here’s an update on […]

Read More

Marijuana REIT to invest $18.5M in Massachusetts cultivation facility

Innovative Industrial Properties, a San Diego real estate investment trust (REIT) serving the medical marijuana industry, is spending $18.5 million to acquire and lease out a property near Boston that will be used as an MMJ cultivation and processing facility. Innovative Industrial Properties, which trades on the New York Stock Exchange as IIPR, bought the […]

Read More